Atlantic Union Bankshares Corp Sells 250 Shares of Linde plc (NASDAQ:LIN)

Atlantic Union Bankshares Corp cut its holdings in shares of Linde plc (NASDAQ:LINFree Report) by 6.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,382 shares of the basic materials company’s stock after selling 250 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Linde were worth $1,570,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LIN. Scarborough Advisors LLC bought a new stake in Linde in the fourth quarter worth about $30,000. Johnson Financial Group Inc. raised its holdings in shares of Linde by 44.4% in the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 24 shares during the period. Addison Advisors LLC raised its holdings in shares of Linde by 310.0% in the 4th quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 62 shares during the period. Hexagon Capital Partners LLC lifted its stake in Linde by 347.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 73 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A bought a new position in Linde during the fourth quarter valued at $39,000. 82.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Mizuho boosted their price objective on Linde from $510.00 to $512.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. UBS Group downgraded shares of Linde from a “buy” rating to a “neutral” rating and upped their price objective for the company from $482.00 to $510.00 in a report on Wednesday, March 27th. Citigroup downgraded shares of Linde from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $475.00 to $500.00 in a research note on Wednesday, April 10th. Finally, HSBC dropped their price target on shares of Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $468.83.

Read Our Latest Report on Linde

Linde Stock Performance

NASDAQ LIN opened at $438.81 on Friday. The company’s 50 day simple moving average is $435.71 and its two-hundred day simple moving average is $433.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.76. Linde plc has a 1 year low of $358.37 and a 1 year high of $477.71. The stock has a market capitalization of $210.93 billion, a PE ratio of 34.04, a P/E/G ratio of 2.76 and a beta of 0.95.

Linde (NASDAQ:LINGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.07. Linde had a return on equity of 17.49% and a net margin of 19.26%. The company had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $8.38 billion. During the same quarter last year, the business posted $3.42 earnings per share. The firm’s revenue was down 1.1% compared to the same quarter last year. Analysts predict that Linde plc will post 15.51 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were issued a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Tuesday, June 4th. Linde’s payout ratio is 43.13%.

About Linde

(Free Report)

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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